Tamil Nadu is setting an ambitious target to achieve $12 billion in electronics exports for the fiscal year 2024–2025, a significant increase from $9.56 billion achieved in 2023. This surge is expected to further strengthen Tamil Nadu’s position as one of India’s leading contributors to the electronics sector. The state has already contributed about 32% of India’s total electronics exports, underscoring its dominance in the sector.
Manufacturing Hub: Tamil Nadu has become a magnet for major global electronics manufacturers such as Foxconn, Samsung, Flextronics, and Pegatron, who have invested heavily in the state. These companies benefit from the state’s skilled workforce and favorable business climate, which has bolstered production and export capabilities.
Government Incentives: The Tamil Nadu government has rolled out several initiatives aimed at boosting manufacturing in the state. These include subsidies on capital expenditure for setting up semiconductor and electronics manufacturing units, making it an attractive destination for both domestic and international investors.
Skilled Workforce: The state’s large pool of skilled engineers and technical professionals plays a critical role in sustaining its manufacturing prowess. Tamil Nadu has become a key center for the electronics supply chain, with expertise in producing mobile phones, consumer electronics, and telecom equipment.
Strategic Investments: Ongoing investments in infrastructure, including the establishment of technology parks and R&D centers, are expected to further boost the state’s capacity to export electronics. With new projects underway, Tamil Nadu is well on track to achieve the $12 billion export target by March 2025.
Global Demand: The increased global demand for mobile phones, consumer electronics, and renewable energy components, such as electric vehicle (EV) batteries, has fueled the state’s export growth. With companies like Nokia and Sanmina expanding their operations, Tamil Nadu is well positioned to continue benefiting from the global electronics boom.
The state’s remarkable growth in electronics exports is seen as a key contributor to India’s overall ambition to become a global leader in electronics manufacturing. Tamil Nadu’s robust infrastructure, skilled workforce, and favorable investment policies make it a critical player in the nation’s broader vision for a more self-reliant electronics sector. With the goal of $12 billion in exports, Tamil Nadu is poised to set new records in the coming fiscal year.
